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FISCAL OFFICER'S CERTIFICATE <br /> <br />1991 MOTORIZED EQUIPMENT BOND ANTIGIPATION NOTES - 1993 RENEWAL <br /> <br />Lakewood, Ohio <br />September 7, 1993 <br /> <br />TO THE GOUNCIL OF THE CITY OF LAKEWOOD, OHIO: <br /> <br /> The undersigned, Fiscal Officer of the City of Lakewood, Ohio (the <br />"City"), as defined by Revised Code Section 133.01 and in the ordinance <br />authorizing the bo~ds and notes hereinafter referred to, hereby certifies in <br />connection with your proposed issue of bonds and notes in anticipation thereof <br />in the principal amount of $426,~00 for the purpose of purchasing motorized <br />equipment and appurtenances thereto for various departments of the City, as <br />follows: <br /> <br /> 1. That the estimated life of the equipment to be acquired from <br />the proceeds of such issue is hereby certified to be at least five (5) years. <br /> <br /> 2. That the maximUmmaturityof the bonds authorized to be issued <br />for such improvements, calculated in accordance with Section 133.20, Ohio Revised <br />Code, is five (5) years, provided that if notes in anticipation of those bonds <br />are outstanding later than the last day of December of the fifth,year following <br />the year of issuance of the original notes, the period thereof in excess of five <br />years must be deducted from the maximum maturity of those bonds. <br /> <br /> 3. That the maximummaturity of notes issued in anticipation of <br />said bonds is ten (10) years from the date of the notes originally issued for <br />such purpose. <br /> <br />Fisc~i Officer <br />Ct.ty of Lakewood, Ohio <br /> <br />134\14282AXA.81B <br /> <br /> <br />